Tag Archives: Jerry Jacobs

shops at esplanade

2 new restaurants opening at Esplanade

Cushman & Wakefield today announced the opening of two new restaurants at The Shops at Esplanade, located on the southeast corner of Camelback Road and 24th Street.  The new tenants are part of Esplanade owner, MetLife, and Cushman & Wakefield’s efforts to revitalize the property’s retail presence.

“We have worked diligently with MetLife to attract an exciting and successful blend of restaurants and retailers at the property that will suit this market,” said Jon Cowen, Senior Director at Cushman & Wakefield.  “The Camelback Corridor provides a fabulous market opportunity for the correct tenants and we’re pleased that ownership’s plan is coming to fruition.”

Pearl Live!, a Scottsdale–based company, will open a sushi restaurant with live entertainment.  Pearl Live! at the Esplanade will be the second sushi/entertainment concept for renowned restaurateur, Jimmy Carlin.  The Esplanade location will feature a large, outdoor patio, an indoor/outdoor bar, and live music.  Situated directly across from the Ritz Carlton, the space was previously occupied by Morton’s Steakhouse. Mr. Carlin plans to cater to the business lunch and happy hour crowds, but also provide an upscale venue at night.  Bob Tam, former corporate chef for PF Chang’s and current Director of Culinary Operations for Maven Hospitality Group (who recently opened The Strand Urban Italian in downtown Phoenix), will be responsible for the creation of Pearl Live!’s menu.  The approximate 7,977 square foot sushi restaurant is slated to open in May.

Solo Trattoria, a new concept from Chicago-based Gemstone Café Group, plans to open their doors at the Esplanade in mid February.  Brittany Harrison of Catalyst Commercial represented the tenant in this transaction, bringing the company’s first location to Arizona.  The Modern Italian restaurant leased approximately 2,555 square feet of space which was previously occupied by Picazzo’s Pizza.  Solo Trattoria, with its cozy and inviting ambiance, will feature fresh tasting Italian food, including Naples style thin crust pizza, authentic pastas, imported cheeses, and wine and beer.

Jon Cowen and Summer Jackson of Cushman & Wakefield serve as exclusive leasing agents for the Shops at Esplanade, while Larry Downey, Jerry Jacobs, and Michael Crystal lease the available office space for property owner MetLife.

Camelack Esplanade

Camelback Esplanade Signs Aon And Apogee

Camelback Esplanade has signed leases with both Aon and Apogee, according to  Cushman & Wakefield.

Camelback Esplanade is a mixed-use project at 24th St. and Camelback Rd.

Jerry Jacobs, Larry Downey and Michael Crystal of Cushman & Wakefield of Arizona represented MetLife, the landlord, in the lease negotiations. Vince Femiano of Transwestern represented both of the tenants.

Aon is a global provider of risk management, insurance brokerage and human resource services. Aon has leased 10,800 square feet of space at 2555 E. Camelback Rd. on the seventh floor. Currently, the company has an office at 1850 N. Central Ave. The company will relocate to Camelback Esplanade in the second quarter of this year to begin its 11-year lease at the property.

Apogee Physicians currently occupies suites 1100 and 950 at 2525 E. Camelback Rd. and has expanded its presence at Camelback Esplanade from 10,843 square feet to 15,400 square feet. Apogee Physicians has been a tenant at Camelback Esplanade since 2004.

“These transactions demonstrate the continued interest of top tier tenants in occupying the Camelback Esplanade,” says Jacobs, executive director with Cushman & Wakefield of Arizona. “Vacancies at the intersection continue to drop. However, the upcoming opening of Del Frisco’s Grille at the Esplanade will only add more value to the tenants at the property.”

For leasing and property information, visit Camelback Esplanade’s website at camelbackesplanade3.com.